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Franklin Center, NJ
Full City Profile · New Jersey · Somerset County County
3.8
/5.0
B+
Good
5,770
Population
874/sq mi density
$138,643
Median Income
$78,490 per capita
$565,200
Home Value
$443,309 Zillow
$2,588
Median Rent
26.9% income on rent
51°F
Avg Temperature
275 sunny days/yr
22
Violent Crime/100K
761 property/100K
B+
Overall
3.8 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.9 / 5.0
$138,643 median income, 2.8% unemployment
A
Affordability
4.4 / 5.0
$565,200 home value, $2,588/mo rent
F
Safety
1.0 / 5.0
22 violent crimes/100K
A+
Education
5.0 / 5.0
68.2% bachelor's degree or higher
Housing Overview
Median Home Value
$565,200
100% above
US avg: $281,900
Median Rent
$2,588/mo
123% above
US avg: $1,163/mo
Homeownership Rate
69.4%
6% above US avg (65.4%)
Total Housing Units
2,714
Median year built: 2006
Home Value by Source
Census Median
$565,200
Zillow (ZHVI)
$443,309
Median Sale Price
$700,000
Median List Price
$682,450
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
69.4%
Owner-Occupied
30.6%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,599/mo
1 Bedroom
$1,759/mo
2 Bedroom
$2,132/mo
3 Bedroom
$2,658/mo
4 Bedroom
$3,005/mo
Census median rent:
$2,588/mo
Market Indicators (Redfin)
Median Days on Market
73 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
7
Price Drops
7.7%
of listings with price reduction
Price Per Sq Ft
$271
Active Inventory
13
homes for sale
Affordability & Housing Stock
Rent Burden
26.9%
of renters spending 30%+ of income on housing
13% below US avg (31.0%)
Median Year Built
2006
Average age of housing stock: 20 years
Homeownership Rate
69.4%
Complete Housing Data
Home Values
| Census Median Value | $565,200 |
| Zillow Home Value (ZHVI) | $443,309 |
| Median Sale Price | $700,000 |
| Median List Price | $682,450 |
| Price Per Sq Ft | $271 |
Rent
| Census Median Rent | $2,588 |
| FMR Studio | $1,599 |
| FMR 1-Bedroom | $1,759 |
| FMR 2-Bedroom | $2,132 |
| FMR 3-Bedroom | $2,658 |
| FMR 4-Bedroom | $3,005 |
Market
| Days on Market | 73 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 7.7% |
| Homes Sold | 7 |
| Active Inventory | 13 |
| Price Per Sq Ft | $271 |
Ownership & Stock
| Owner-Occupied | 69.4% |
| Renter-Occupied | 30.6% |
| Homeownership Rate | 69.4% |
| Total Housing Units | 2,714 |
| Median Year Built | 2006 |
| Rent Burden | 26.9% |